Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Rejection of books of accounts u/s 145(3) - estimation of sale and income – there is no weight in the plea that the claim of wastage allowed to the assessee in the subsequent year be adopted - HC
Rejection of books of accounts u/s 145(3) - estimation of sale and income – there is no weight in the plea that the claim of wastage allowed to the assessee in the subsequent year be adopted - HC
Note: It is a system-generated summary and is for quick reference only.